SunEdison Semiconductor Ltd. (SEMI) Shares Up 1.6%
SunEdison Semiconductor Ltd. (NASDAQ:SEMI)’s share price shot up 1.6% on Wednesday . The company traded as high as $8.68 and last traded at $8.31, with a volume of 141,797 shares. The stock had previously closed at $8.18.
A number of brokerages have weighed in on SEMI. Zacks Investment Research upgraded SunEdison Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Deutsche Bank AG lowered SunEdison Semiconductor from a “buy” rating to a “hold” rating in a research note on Friday. Wells Fargo & Co. cut SunEdison Semiconductor from an “outperform” rating to a “market perform” rating in a report on Thursday. Citigroup Inc. upped their price objective on SunEdison Semiconductor from $4.00 to $5.50 and gave the stock a “sell” rating in a report on Friday, August 5th. Finally, Summit Redstone reiterated a “buy” rating on shares of SunEdison Semiconductor in a report on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $8.16.
The firm’s 50 day moving average is $6.75 and its 200 day moving average is $5.97. The company’s market capitalization is $487.67 million.
SunEdison Semiconductor (NASDAQ:SEMI) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($1.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.49) by $0.66. The business earned $190.90 million during the quarter, compared to analyst estimates of $189.23 million. The firm’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.37) earnings per share. On average, equities analysts predict that SunEdison Semiconductor Ltd. will post ($4.70) earnings per share for the current fiscal year.
SunEdison Semiconductor Limited is engaged in the development, manufacture and sale of silicon wafers to the semiconductor industry. The Company also develops advanced substrates, such as epitaxial (EPI) wafers and wafers for the silicon-on-insulator (SOI) market, which enable computing and communications applications.
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